The upcoming wedding of the founder of a renowned milk tea company from a grass-roots background and the daughter of a wealthy family that owns a leading solar energy firm has captivated the Chinese public and is trending online. Zhang Junjie, the driving force behind the Chinese milk tea brand Chagee, and his bride Gao…
On a typical weekday in Hong Kong, as a typhoon loomed, customers braved the rain outside a Bakehouse branch in Causeway Bay, waiting to enter the social-media viral bakery, known for its sourdough egg tarts, artisanal breads and fresh pastries. It was a stark contrast to just weeks earlier in June, when Hong Kong’s four-decade-old,…
A recent thirst among investors for Chinese makers of fresh drinks – after a slew of share offerings including the blockbuster Hong Kong listing of Mixue Group – could mean that too much money is chasing the same growth story, according to S&P Global Ratings. “China’s demand for fresh-made drinks is growing fast as marketing,…